DirecTV, partially owned by private equity firm TPG, is reportedly in talks to acquire its rival satellite TV provider Dish Network. The deal would ease EchoStar's financial burden as the current owner of Dish Network faces upcoming debt payments. DirecTV also aims to benefit from cost-cutting measures and gain control of Dish Network's streaming service Sling TV.
says that DirecTV could announce the acquisition of its rival satellite television content provider Dish Network . For current Dish owner EchoStar, this deal would remove the pressure of having to make some upcoming debt payments. There have been questions about whether Dish Network could make these payments and as such, its ability to continue as a going concern This fear included EchoStar after it purchased Dish Network on the last day of last year.
Charles Ergen also interjected himself into the big wireless deal of 2013 when he tried to breakup SoftBank's purchase of Sprint by trying to buy the carrier for Dish Network. Despite a $25.5 billion bid for all of Sprint that he announced in Aptil, 2013, it was SoftBank that acquired most of Sprint. Those shares were later purchased byErgen previously tried to merge Dish Network and DirecTV back in 2001 but regulators shot down the plans.
Directv Dish Network Acquisition Echostar Streaming
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